Aluminum Ingot Inventory Increase Falls Below Forecast Post-Holiday, Spot Prices Fluctuate Slightly

[SMM Aluminum Spot Afternoon Commentary: Aluminum Ingot Inventory Accumulation Falls Short of Expectations on the First Day After the Holiday, Today's Aluminum Spot Basis Fluctuates Narrowly]

SMM News, October 8th

According to SMM data, the arrival of domestic aluminum social inventory after the holiday fell short of expectations, with aluminum ingot social inventory increasing by only 26,000 tonnes compared to before the holiday. Notably, the inventory in Wuxi did not increase but instead decreased by 1,000 tonnes to approximately 240,000 tonnes, while the inventory in Gongyi increased by 12,000 tonnes to 68,000 tonnes compared to before the holiday. According to SMM research, the main reason for the unexpected shortfall in inventory arrivals was the shipment from Xinjiang...